Sawyer Manufacturing Corporation uses a predetermined overhead rate based on direct 24 labor-hours to apply manufacturing overhead to jobs. Last year, the Corporation worked 55,000 actual direct labor-hours and incurred $520,000 of actual manufacturing overhead cost. The Corporation had estimated that it would work 52,000 direct labor- hours during the year and incur. $468,000 of manufacturing overhead cost. The 3 points Corporation's manufacturing overhead cost for the year was: 02:08:02 Multiple Choice O underapplied by $25,000 n Mc